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TSX Further Climbs, Up 57 Points Mid-Afternoon; Miners, Financials Extend Rally

The TSX rose 57 points in mid-afternoon trading, building on its early gains, after mining and financial stocks extended their rally and healthcare and energy issues narrowed their losses.

The benchmark index has been in the positive territory since morning, as investors cheer Russia's reassuring remark that issues related to the aid it sent to Ukraine had been resolved.

Info tech remained in the lead, gaining 0.87%, still on BlackBerry's (BB.TO) support after the smartphone maker said it is creating a new business unit, called BlackBerry Technology Solutions, to be led by Sandeep Chennakeshu. Financials rose 0.74%, making it the second biggest gainer. Miners were up 0.46%, lifted by silver and copper prices .

Healthcare and energy both failed to recover but have narrowed their early losses to 0.59% and 0.34%, respectively.

Volume traded so far exceeded 159 million shares. Bellatrix Exploration (BXE.TO) was the most heavily traded stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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